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Ashfaq

A devoted content writer having 3 years of crypto trading experience. Loves cooking and swimming. Stays up to date with the latest developments on blockchain technology.

Posts by Ashfaq

Kresus Crypto Wallet Offers a Hassle-Free Solution for NFTs Storage via Sotheby's Metaverse

Cristiano Ronaldo Launches New NFT Collection on Binance

Cristiano Ronaldo has released his second collection of Non-Fungible Tokens (NFTs) on Binance. Thus, the Portuguese celebrity has strengthened his position in the NFT market. The new “ForeverCR7: The GOAT” NFT collection is dedicated to celebrating Ronaldo’s incredible feats throughout his career, most notably his jaw-dropping goals scored for his

July 2, 2023 2 mins read
Blockchain

FedNow Payment System’s Early Adopter List Excludes Blockchain Firms

On June 29th, the Federal Reserve announced the certified “early adopters” for FedNow, the planned instant payment system. When the platform starts in late July, the companies on the approved list will be able to connect with it without any problems. Despite at least two blockchain networks earlier announcing they

July 2, 2023 2 mins read
Terra Classic (LUNC) Validator To Burn 100% of Commissions

Crypto Exchange Binance Burns 2.65 Billion Terra Classic (LUNC)

Binance has completed the eleventh batch of the LUNC burn mechanism, burning 2.65 billion Terra Classic (LUNC) coins. So far, the crypto exchange has burnt over 35.5 billion LUNC, while the community as a whole has burned over 68 billion LUNC. The recent burn by Binance instantly elicits a 3%

July 1, 2023 1 min read
Crypto ATMs Installed Globally Surge 17.8%, Closing in on Record High

Crypto ATM Firm Bitcoin Depot All Set To Go Public This Week

With the completion of a merger deal, Bitcoin Depot, one of the biggest cryptocurrency ATM companies in the United States, announced that it would be going public. GSR II Meteora Acquisition Corporation, a fintech business, said on June 30 that its investors had authorized a merger that would allow the

July 1, 2023 2 mins read
Charles Hoskinson Highlights Cardano's Potential with Hydra and Leios

Charles Hoskinson Boasts Cardano TVL Growth Amid Volatility

Cardano (ADA) is one of several leading cryptocurrencies whose value has recently plummeted due to the U.S. Securities and Exchange Commission’s (SEC) onslaught on Binance and Coinbase. Cardano’s creator, however, claims that the ADA ecosystem is expanding even if the market is volatile. Cardano’s creator Charles Hoskinson presented data that

June 28, 2023 2 mins read
Innovative EVM Layer-2 Solution ‘Rollux’ by SYS Labs Goes Live

Innovative EVM Layer-2 Solution ‘Rollux’ by SYS Labs Goes Live

Rollux, an innovative EVM Layer-2 solution, has been launched by SYS Labs, a Web3 product suite powered by Syscoin. Rollux presents a unique method of scaling Ethereum that sets SYS Labs apart from its rivals. Rollux is meant to optimize the performance of Ethereum network applications by using the power

June 28, 2023 2 mins read
Bybit

Dubai’s Virtual Assets Regulatory Body Grants Bybit MVP License

Dubai’s Virtual Assets Regulatory Authority (VARA) issued Bybit FinTech FZE, a subsidiary of the crypto exchange Bybit, a Minimum Viable Product (MVP) preparatory license on June 27. To serve a wider range of consumers in the United Arab Emirates, Bybit CEO Ben Zhou stated that the exchange is actively pursuing

June 27, 2023 1 min read
Hong Kong attracts 18 crypto exchanges for license

Hong Kong Rating Agency HKVAC Publishes Virtual Asset Index

Major progress was apparently made in the crypto sector as the Hong Kong rating agency HKVAC published its virtual asset index. The list comprises the 30 biggest cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH). This follows HSBC’s recent decision to allow Hong Kong residents to invest in Bitcoin and Ethereum

June 27, 2023 2 mins read
Bybit Expands Operations With Crypto License in Cyprus

Bybit Expands Operations With Crypto License in Cyprus

Crypto exchange Bybit has been expanding rapidly. A license to operate a cryptocurrency exchange and offer digital asset custody services was revealed today by the exchange in Cyprus. Obtaining an operating license in Cyprus was a calculated move on Bybit’s part to widen its international reach. Bybit now has the

June 26, 2023 1 min read
Binance Introduces UK Domain Eyeing Compliance With New Laws

Crypto Exchange Binance Withdraws License Registration in Austria

In light of mounting difficulties stemming from hurdles from financial authorities worldwide. The biggest cryptocurrency exchange in the world, Binance, has withdrawn its license registration in Austria. Binance Austria GmbH, a wholly owned subsidiary of Binance, is no longer seeking a license from the Austrian Financial Market Authority (FMA), according

June 26, 2023 2 mins read